PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.57 per $10,000 · paid last 24h +0.046%

Price spread now: edgeX against Aster+0.021%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.357%+$36 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now +0.021%, 7d avg +0.046%

Together, before fees+0.493%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.025% cheaper against Aster than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.046%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6081	0.0265	pay 0.0133% / 4h	3h 19m	$1.1M	$2.1M	20x
Short	edgeX PONSUSDC	0.6082	0.0379	get 0.0190% / 4h	3h 19m	$21K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee edgeXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $24
Price spread: +0.021% → +0.046%: −$2.54
Slippage, 4 orders: −$43.26
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$38.8
Costs to cover: 0.603%
Break-even: 18.3 days

Slippage from Aster: live order book, 4 min ago; edgeX: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 4 min ago	1.81 bp	8.1 bp −$8	27.4 bp −$274	doesn't fit	doesn't fit
Sell edgeX live order book, 53 min ago	11.48 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6070	−0.170%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.826%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6085	+0.065%	$429K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6086	+0.090%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6082	+0.024%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6093	+0.211%	$33K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6081	+0.012%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6085	+0.067%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6082	+0.026%	$28K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6093	+0.211%	$65K	$510K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6081	+0.008%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6080	−0.009%	$379	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0183%	4h	0.6083	+0.040%	$13.9M	$56.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0188%	4h	0.6085	+0.067%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0254%	4h	0.6089	+0.146%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDTlong	+0.0265%	4h	0.6081	long leg	$1.1M	$2.1M	20x
Extended PONS-USD	+0.0352%	1h	0.6085	+0.068%	$252K	$678K	5x	as long as short
MEXC PONS_USDT	+0.0354%	4h	0.6088	+0.123%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0355%	4h	0.6086	+0.090%	$39.9M	$96.4M	20x	as long as short
edgeX PONSUSDCshort	+0.0379%	4h	0.6082	+0.021%	$21K	$293K	10x
Lighter PONS	+0.0400%	1h	0.6085	+0.075%	$1.7M	$933K	3x	as long as short
Bybit PONSUSDT	+0.0589%	4h	0.6082	+0.024%	$18.3M	$30.9M	20x	as long as short
BloFin PONS-USDT	+0.0599%	4h	0.6086	+0.090%	$1.8M	$998K	20x	as long as short
BingX PONS-USDT	+0.0612%	4h	0.6086	+0.090%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0614%	1h	0.6078	−0.046%	$105K	$115K	5x	as long as short
Pacifica PONS	+0.0665%	1h	0.6087	+0.109%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0767%	1h	0.6078	−0.047%	$44K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0788%	4h	0.6080	−0.009%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0874%	1h	0.6090	+0.158%	$62.0M	$29.1M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6095	+0.231%	$32K	$113K	3x	as long as short